IndusInd Bank Shares Slide 20% Post Q2 Earnings!

Biggest single-day drop since March 2020 as profit, margins, and NPAs miss targets.

Q2 Net Profit Dips 39.5% YoY

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Net Interest Income Grows 5% YoY

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Higher Capital Needed for MFI Loans

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Loan and Deposit Growth Moderates

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NPA Levels Climb to ₹7,638.5 crore

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Shares Plunge 20% to ₹1,028.75

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Aiming for Stability Ahead

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IndusInd Bank Shares Slide 20% Post Q2 Earnings!

Q2 Net Profit Dips 39.5% YoY

Net profit falls to ₹1,331 crore as high provisions and asset quality stress weigh on performance.

Net Interest Income Grows 5% YoY

NII rose to ₹5,347 crore, but NIM fell to 4.08%, signaling margin pressure in a challenging environment.

Higher Capital Needed for MFI Loans

Regulatory adjustments raise capital requirements for MFI, impacting bank's overall risk profile.

Loan and Deposit Growth Moderates

While loans and deposits rose 13% and 15% YoY, quarterly growth slowed, highlighting near-term constraints.

NPA Levels Climb to ₹7,638.5 crore

Gross NPA ratio increased to 2.76%, pointing to pressures across IndusInd’s loan portfolio.

Shares Plunge 20% to ₹1,028.75

Following the disappointing Q2 results, IndusInd Bank's stock fell to ₹1,028.75, marking the steepest decline since March 2020.

Aiming for Stability Ahead

Despite setbacks, the bank is leveraging strategic provisions and cautious optimism to stabilize performance.

Read More on IndusInd Bank's Q2 Performance